Show Mining Matters l I 10 I It OFFICERS REELECTED JY UY SILVER RIL KING All officers of ot Silver King Coalition Mines company were reelected Wednesday afternoon at a directors' directors meeting at company offices in the Kearns building Salt Bait Lake City They are David Keith president Thomas F F. F Kearns vice president James Ivers vers vice president and general manager manager manager man man- ager Mearle 0 a. a Heltzman Heitzman manager of operations and S 8 B. B B. B Lamkin secretary- secretary treasurer ANI ANU DEVELOPERS NEEDED The disastrous effect that New Deal laws lawil awn are re having on the metal mining Industry can be seen in most of the mining districts of the West When Congress passed the tho federal securities law aw it was Intended to stop the fleecing of widows and orphans in Wall Street But it was extended to the mining and oil Industries to the detriment of the nation Prospectors and developers must be jo encouraged Since Individual InItiative initiative initiative initia InItia- tive has been squelched in the mining business prospectors have been Inactive and speculative money has gone into thing sure-thing gambling games like horse racing and slot lot machines Cornelius Cornellus F F. F Kelley chairman of ot the board of the Anaconda Copper Mining company told the annual banquet of the American Institute of Mining and MetallurgIcal Metallurgical Metallurgical Metal Metal- Engineers that not a single new mine of or any Importance has been discovered since World War II n started lIe He cited this fact In support of ot his statement that our deposits of copper lead and zinc have been and are being impaired to the point where the national nation nation- al security demands that they be carefully carefully carefully care care- fully husbanded I It was fortunate for tor the United Nations Nations Na Na- Na-I Na Kelley declared that the mining I resources of Canada South America and I Africa have been developed without government subsidies and at times un un- un- un der circumstances that required enterprIse enterprise enterprise enter enter- prise vision and Denver courage Denver Min Min- MinIng Mining ing Record MINING l AND U OIL Au Antas RAS WILL WILLBO BO DOOM I IN IS POSTWAR OSTWAlt ERA ImA There is certain to be bo a stupendous demand for metals and oil after the war Millions of automobiles and trucks will willbe willbe be needed to replace worn-out worn vehicles and the building of them will require Immense tonnages of ot met metals ls This is also true of the mechanical equipment of the homes home now so badly depleted Airplanes Airplanes Air Alt planes and autos will require greater volumes of or oil and gasoline So the tho future future future fu fu- fu- fu ture outlook for tor western industry is good New mines chines must be opened and new oil wells completed to replace properties that have been exhausted in our out all war effort Mining camps and oil fields have been drained of excess equipment This means that there will be great de demand demand demand de- de mand for new machinery for tor mining milling and smelting and for tor the drillIng drilling drill drill- Ing of oil wells and the refining of crude This means that smaller c companies will have to finance installation of equip equIp- ment The larger oil companies have built immense plants for tor the manufacture manufacture I ture of octane gas and these pl plants may have more capacity than Is needed in peace times Millions of autos will again bo be 30 on the highways Denver Is one of the outstanding supply points for mining equipment ant antIs and andIs andla Is la sure to profit fron large orders when properties are allowed to buy what they need Denver will become a supply center center center cen cen- ter for tor oil equipment greater than at present when development in Colorado and nearby states statu opens new fields When the war ends there will be many thousands of men returning to western wester mining and oil districts and work mus must be provided for these men There is a presidential election ahead and the nation will probably sweep ou out the present Washington administration because In the new day ahead there willbe will wll be need of democratic principles an and individual initiative rather than bureau bureau- cracy Vast expenditures of borrowed borrowe money will wUl have to be repaid and a different administration than the present present present pres pres- ent will wUl be needed to end borrowing anc and start worthwhile production for profit Denver Mining Record LOCAL STOCK SALES THURSDAY Y New Park Park Curb sales New Quincy 1000 Quincy 1000 c New Park Park 0 62 1200 FRIDAY New Quincy Quincy 40 Park City Consolidated Consolidated 1000 1000 Curb sales New Park Park Q SATURDAY No Park City stocks sold on Exchange today MONDAY New Park Park tg I Curb sales New Park Park Park City Consolidated 0 TUESDAY New Park Park Silver King Western Western 1000 1000 O 0 WEDNESDAY New Quincy Quincy 1000 1000 3 c. c SHIPMENTS New Park Park Utah Consolidated Silver King Coalition cons Park Utah Keetley I Total I |